Press "Enter" to skip to content

Posts tagged as “China”

Chinese Communist Party Official Pleads Guilty To Aiding Bitcoin Miners As Xi Anti-Corruption Campaign Continues

China state-owned daily news program Xinwen Lianbo reported on December 29 that the former Community Party secretary of the City of Fuzhou, Xiao Yi, pleaded…

China’s Foreign Minister Signals Closer Russia Ties, Condemns U.S. “Unilateral Bullying”

Chinese Foreign Minister Wang Yi defended his country’s position on Sunday as being non-partisan on Ukraine’s war, and indicated that China will deepen its relations…

China Forms Alliance to Fast-Track Blockchain Development

China’s state-backed blockchain alliances features big cryptocurrency and financial companies. One of the first name brands to join the ‘Blockchain Services Network Alliance’ (BSN) is Huobi China.

Huobi China, which is a part of global bitcoin and crypto exchange conglomerate Huobi Group, revealed its participation at the Blockchain Service Network Partner Conference.

The company’s Chinese-based operations do not include the trading of cryptocurrency. “It is not an exchange. It is a fully compliant legal entity in China doing blockchain education and blockchain solutions for large corporations, solely focused on blockchain technology, said Ciara Sun, chief of staff of Huobi Group.

Chinese Bitcoin Miners Get Reprieve from CCP

China’s National Development and Reform Commission (NDRC) has removed crypto mining activities as an unwanted industry from its Industrial Structure Adjustment Guidance Catalog.

China has long been a mining leader in the crypto industry. As a world leader in computer hardware generally, the country was in a unique position to take lead the way when it came to mining bitcoin and other cryptocurrencies. As in most hardware-intensive industries, the lion’s share of cryptocurrency mining hardware comes from China.